Debt-free IT Software stocks in India
Listed IT Software companies with a debt-to-equity ratio of zero in their latest balance sheet and a market cap above ₹500 crore.
Data as of the close
| # | Company | Market cap | Price | P/E | ROE % |
|---|---|---|---|---|---|
| 1 | Oracle Financial Services Software Ltd | ₹86.3K Cr | ₹9,912 | 24.2 | 32.6 |
| 2 | C.E. Info Systems Ltd | ₹4.9K Cr | ₹889.5 | 31.6 | 12.0 |
| 3 | 63 Moons Technologies Ltd | ₹4.3K Cr | ₹923.45 | 0.0 | -2.0 |
| 4 | Hypersoft Technologies Ltd | ₹1.2K Cr | ₹138.75 | 61.6 | 3.7 |
| 5 | Workmates Core2 | ₹524 Cr | ₹405.25 | 31.9 | 29.3 |
How this list is made: Debt-to-equity of 0 in the latest annual balance sheet; market cap above ₹500 crore. Banks, NBFCs and insurers are excluded because their borrowings are their business.
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Frequently asked questions
Which IT Software companies are debt-free?
These are the listed companies whose latest balance sheet shows a debt-to-equity ratio of zero, largest first.
Why are banks not on the list?
Borrowing is a bank's raw material, so debt-to-equity says nothing about their safety. They are excluded.
Is a debt-free company always a good investment?
No. Zero debt lowers financial risk but says nothing about growth or valuation; check results and concall commentary too.
Disclaimer: Lists are built from exchange closing prices and reported financials, for information only. They are not investment advice or a recommendation to buy or sell any security.